CopperLine wrote:Now I find it strange that as the population increases the tax revenue falls...
Maybe
you find it strange
Boomerang but it is pretty common for actual tax revenues to fall as wealth increases. Indeed if this did not happen tax accountants would be out of a job : basically this is what they're paid to do. Why do the richest people pay less tax than you and I ? How much tax do the leading global companies pay ? The late great American economist JK Galbraith called it the 'fraud stage of capitalism.'
Hang on a minute Copperline...let us put some perspective here...In Oz we have about 8 million working people and government gets an amount eqaual to X...Now if the working population increases to 20% the next 5 years the government government revenue will be Y...Now are you saying that the revenue Y should be lower than X?...You kidding me...
I do understand how tax brackets work...and contrary to what you believe, in OZ the tax brackets are as follow...
<$75k per year and under the tax is calculated at 31%
>$75k per year and over the tax is calculated at 41%
Ofcource the next level is calculated at 61% but I am not quite sure of the earnings.
How on earth the government is gonna get less?...
Spare me the creative accounting for business...We are talking in Turkey as the article says the working population and not companies with creative accountants...unless ofcource the working force in turkey are either companies or contract workers, which in both cases are companies...
What the article is reffering to Copperline is that people are getting hard cash and off the books...This is what is saying...Personal Income tax collection which is paid weekly or monthly and not at one time at the end of the financial year...as companies do...Please re read the article...